The Provincial Government is offering grants for small and medium sized business.
Grants of $10,000 to $30,000 are available to small and medium sized B.C. businesses impacted by COVID-19. An additional $5,000 to $15,000 grant is available to eligible tourism-related businesses.
The program runs until March 31, 2021 or until the funds are fully allocated, whichever comes first.
For more information, visit the BC Government site - Business Recovery Grant.
UPDATE-
- The Program has been extended to August 31, 2021 or until funds are fully expended, whichever comes first.
- Applicants no longer need to show a revenue loss of 70 percent in March or April 2020 when compared to the same one-month period in 2019. Now a 30 percent loss is all that is required.
- Businesses that have applied to the Program already will have their applications re-evaluated automatically if they didn’t qualify because of the previous 70 percent revenue requirement.
- Service providers – accountants, bookkeepers, and lawyers – can support their clients from the start of the application process.
- Businesses that have been approved for funding are not affected by these changes.